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040 |aCaOODSP|beng|erda|cCaOODSP
041 |aeng|beng|bfre
043 |an-cn---
0861 |aFB3-8/2026-34E-PDF
1001 |aGnocchi, Stefano, |eauthor.
24510|aMonetary policy challenges in a volatile world / |cStefano Gnocchi [and] Matteo Cacciatore.
264 1|a[Ottawa] : |bBank of Canada = Banque du Canada, |cJuly 24, 2026.
264 4|c©2026
300 |a1 online resource (ii, 28 pages) : |bcharts.
336 |atext|btxt|2rdacontent
337 |acomputer|bc|2rdamedia
338 |aonline resource|bcr|2rdacarrier
4901 |aStaff analytical paper = |aDocument analytique du personnel, |x3110-9195 ; |v2026-34
500 |aCover title.
504 |aIncludes bibliographical references.
520 |a"Rising macroeconomic volatility and structural transformations—such as deglobalization, climate risks, and rapid AI adoption—are reshaping inflation dynamics and the trade-offs faced by monetary policy. Drawing on existing literature, internal modelling, and new experimental evidence, we assess the conditions under which policymakers may accommodate supply-driven inflation. We find that the current framework retains sufficient flexibility to balance inflation and output stabilization, provided inflation expectations remain well anchored, and policy responses appropriately reflect the size and persistence of supply shocks, as well as prevailing economic conditions"--Abstract, page ii.
546 |aIncludes abstract in French.
650 0|aMonetary policy|zCanada.
650 0|aInflation (Finance)|zCanada.
650 6|aPolitique monétaire|zCanada.
650 6|aInflation|zCanada.
7102 |aBank of Canada, |eissuing body.
830#0|aStaff analytical paper (Bank of Canada)|x3110-9195 ; |v2026-34.|w(CaOODSP)9.958938
85640|qPDF|s908 KB|uhttps://publications.gc.ca/collections/collection_2026/banque-bank-canada/FB3-8-2026-34-eng.pdf